Executive Director Jupiter Comtex Pvt Ltd
Govt should reduce customs duty on components
Archita Mistry is executive director at Jupiter Comtex Pvt Ltd. In an interview with fibre2fashion.com, she talks about the various aspects of the textile machinery parts industry including its current size, emerging markets, manufacturing hubs, and the strengths and challenges facing it.
What are your expectations from the new textile policy that the government is working on?
The new national textiles policy should aim at skill-upgrading, fastened custom clearance, labour reforms, attracting investments in the textiles sector, new textile parks throughout the country, creating employment and modernisation.
Which are the three main sustainable policies followed at your units?
It is important to sustain business in this globally competitive market, and one should follow sustainable policies. Our main policies are:
1. Customer satisfaction
2. Quality which results in optimised output
3. Innovation and technology
What is the kind of governmental help that will advance growth in your field?
In order to boost local industry, the government should reduce customs duty on components.
What are the three main challenges that you are faced with?
Every business face challenges. But in order to sustain, one needs to overcome these challenges, and stand out. The three main challenges faced by us are:
1. Competition from German manufacturers
3. Skill and productivity
What is the size of the industry for textile machinery in India?
The textile machinery manufacturing sector is one of the largest segments of the machinery manufacturing industry in India. This industry is nearly 60 years old, and has about 1,000 machinery and component manufacturing units.
What are the emerging manufacturing hubs for textile machinery in India?
The major hubs for manufacturing textile machinery are Ahmedabad, Coimbatore and Surat.
Who, according to you, are the biggest names in textile machinery in the country?
Some of the major players are Laxmi Machine Works (LMW), Rieter India, etc.
What is your market share?
We are the leading manufacturers of textile preparatory machines in India for warping, sizing and indigo dyeing range. Our market share is about 90 per cent in India.
Any near future investment plans?
We are likely to expand our manufacturing units, as we are looking forward to add a new range of products.
Which markets do you plan to enter in the near future?
We would like to explore new markets such as:
1. Latin America
3. Other parts of Eastern Europe
Published on: 11/06/2015
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